By Kanishka Singh
(Reuters) – California Governor Gavin Newsom has signed a $15 billion package that will fund programs to tackle drought and climate change in the state after a devastating wildfire season.
Newsom signed 24 bills focused on climate and clean energy efforts, droughts, and wildfire preparedness, his office said in a statement on Thursday, describing the funding as the largest climate package in California’s history.
The package’s largest portion, $5.2 billion, will go towards funding for emergency drought relief projects and expanding California’s water supplies. The package includes $3.7 billion to address climate change risks, investing in projects that will mitigate extreme heat and tackle the threat of rising sea levels.
About $1.5 billion will go toward preventing wildfire risk in forests, according to the statement from Newsom’s office.
This month, President Joe Biden renewed his push for significant investments to combat climate change as he visited California and took an aerial tour of areas hit by one of the country’s worst fire seasons.
California typically experiences its peak fire season in late summer and fall. The state is on pace to see more of its landscape go up in flames this year than last, which was the worst year on record for the state.
Human-caused climate change has intensified the withering drought gripping the Southwestern United States, the region’s most severe on record, with precipitation at the lowest 20-month level documented since 1895, a U.S. government report said on Tuesday.
Over the same period, from January 2020 through August 2021, the region also experienced the third-highest daily average temperatures measured since record-keeping began near the end of the 19th century, according to the National Oceanic and Atmospheric Administration.
The report warned that extreme drought conditions are likely to worsen and repeat themselves “until stringent climate mitigation is pursued and regional warming trends are reversed.”
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.